Important Current Affairs GK Quiz for IBPS PO/Clerk Exams (8th&9th November 2016):

Dear Readers, Here we have given the Current Affairs GK questions based on the previous days Daily Current Affairs updates. Candidates those who are preparing for IBPS PO/Clerk exam and all other Banking exams can use these questions.

1).
The 9th Annual Meeting of International Regulatory Cooperation for Herbal
Medicines (IRCH) was inaugurated in which city of India?

a)Noida

b)New Delhi

c)Nagpur

d)Jaipur

e)Udaipur

Answer: b) Explanation: The 9th Annual Meeting of International Regulatory Cooperation for Herbal Medicines (IRCH) was inaugurated in New Delhi. It has been organised by the Union Ministry of AYUSH and was inaugurated by Minister of State (MoS) for AYUSH Sripad Naik. In this meeting 19 member countries of IRCH with 36 delegates including experts from WHO are participating. The event would be utilized to show case AYUSH strength to these countries. IRCH is a global network of regulatory authorities created by World Health Organization (WHO) responsible for regulation of herbal medicines.

2).
A three-day Global Rajasthan Agri tech Meet GRAM has begun in which city, with
a objective of the meet is to double the income of farmers through various
technologies and agriculture activities?

a)Ajmer

b)Bikaner

c)Jaipur

d)Jodhpur

e)Udaipur

Answer: c) Explanation: Today, a three-day (9-11th) Global Rajasthan Agritech Meet GRAM has begun in Jaipur, Rajasthan. The main objective of the meet is to double the income of farmers through various technologies and agriculture activities. More than 50 thousand farmers from around the state will participate in the meet. Australia, Netherland and Israel is the international partners of the meet. Farmer will be informed about new technology and other agriculture related activities and representatives will share their new technology and agriculture activities with state’s farmers.

3).
Which of the following has launched “Operation school chalo” in South Kashmir?

a)Indian Army

b)Indian Air Force

c)Indian Navy

d)Border Security Force (BSF)

e)All the above

Answer: a) Explanation: Indian Army has launched “Operation school chalo” in South Kashmir under a local slogan ‘Chyem ne zaroorat Daulat-o-ubab, Faqat Gochum School te Kitab (I don’t need money and fame, I need books and school’. In it, Indian Army will identify areas and provide students with free coaching and make them participate in extra-curricular activities. Beside this, Army officers and men will also encourage the parents to send their children to makeshift dwellings to study.

4).
Donald Trump won the 2016 US Presidential elections, he is ____th US
Presidential?

a)45

b)46

c)44

d)43

e)54

Answer: a) Explanation: Donald Trump will become the 45th US president after a stunning victory over Democrat Hillary Clinton. Trump's win raises a host of questions for the United States at home and abroad. He campaigned on a pledge to take the country on a more isolationist, protectionist "America First" path. Global markets plummeted, with the Dow set to open 800 points down.

5).
Name the journalist who has been awarded with ‘Reporters without Borders
(RSF)-TV5 Monde prize.

a)Hadi Abdullah

b)Hossein Mousavi

c)Rasul Boqiev

d)Sharof Rashidov

e)Both a) and c)

Answer: a) Explanation: Hadi Abdullah, a Syrian freelance journalist was awarded with ‘Reporters without Borders (RSF)-TV5 Monde prize. He was awarded for covering his country's war. Chinese news website 64Tianwang and citizen journalists Lu Yuyhu and Li Tingyu are also being honored. The award was presented in Strasbourg on behalf of the World Forum for Democracy, a meeting organized by the Council Of Europe.

6).
The Defence Ministry cleared its new blacklisting policy for “suspending or
banning” arms contractors for wrongdoings. For how long will the firm/s be
barred from conducting business with the government?

a)1 year

b)2 years

c)5 years

d)10 years

e)15 years

Answer: d) Explanation: The defence ministry has cleared its new blacklisting policy for suspending or banning arms contractors for wrongdoings. The policy has been cleared at a time when firms such as Finmeccanica, Embraer are embroiled in controversial deals. The policy debars firms from conducting business with the government for a period ranging from 1 to 10 years to remove corruption in the defence sector.

7).
A five-member headed by Yashwant Sinha has submitted its report to the Union
Home Ministry regarding problems in which state?

a)Himachal Pradesh

b)Jammu and Kashmir

c)Jharkhand

d)Manipur

e)Nagaland

Answer: b) Explanation: A five-member Delhi group, headed Yashwant Sinha submitted its report to Union Home Ministry on their recent visit to troubled Jammu and Kashmir. The group had visited Srinagar from October 25-27 and met senior separatist leaders, including Syed Ali Geelani and Yasin Malik. The report recommended to start the process of reopening schools. It suggested considering postponement of school examination.

8).
India’s first liquefied natural gas(LNG) driven bus was launched in which
state?

a)Rajasthan

b)Bihar

c)Gujarat

d)Maharashtra

e)Kerala

Answer: e) Explanation: India’s first liquefied natural gas(LNG)-driven bus was launched in Thiruvananthapuram, Kerala by Shri Dharmendra Pradhan(Minister of Petroleum and Natural Gas). LNG is considered to be a cleaner and safer fuel which emits 50 per cent less carbon, for mass transportation. It has been a joint effort of Petronet LNG Limited (PLL), Indian Oil Corporation Ltd and Tata Motors Ltd.

9).
Name the sportsperson who has announced her retirement from rowing.

a)Elena Horvat

b)Georgeta Damian

c)Heather Stanning

d)Kathleen Heddle

e)Megan Still

Answer: c) Explanation: Two-time Olympic champion Heather Stanning has announced her retirement from rowing. She ends her all-conquering partnership with Helen Glover. Stanning and Glover became GB's first female rowers to win back-to-back Olympic golds when they retained the coxless pairs title in Rio. Their Olympic gold at London 2012 was the hosts' first of the Games, and also the first in British women's rowing.

10).
Which bank has launched ‘Unified Payments Interface’(UPI) solution for its
corporate and financial institutional, and commercial banking clients?

11).
The RBI has made it mandatory for borrowers tapping External Commercial
Borrowings (ECBs) will be required to cover the principal as well as the coupon
through ______.

a)Basis swap

b)Dealer equity option

c)Equity derivative

d)Hedging

e)STIRT

Answer: d) Explanation: In a bid to effectively address currency risk at the systemic level, the Reserve Bank of India on Monday said borrowers tapping External Commercial Borrowings (ECBs) will be required to cover the principal as well as the coupon through financial hedges. Hedging is an investment mechanism to cut the risk of adverse price movements in an asset. Usually, a hedge involves taking an offsetting position in a related security.

12).
What is India's rank in the latest study on digital transformation conducted by
CA Technologies and Coleman Parkes?

a)78

b)79

c)81

d)80

e)87

Answer: b) Explanation: India leads the business impact scorecard according to a study on digital transformation conducted by CA Technologies and Coleman Parkes. The survey was carried out across 1770 senior IT executives and business heads in 21 countries including 78 in India. The business impact scorecard measures 14 key performance indicators across four categories. India led the global ranking with a score of 79.

Answer: c) Explanation: IRDA has approved London headquartered insurance and reinsurance Lloyd’s application to provide onshore reinsurance services in India. Lloyd’s secured R1 approval from IRDA to set up a branch in India. Lloyd’s filed application with IRDA in March for setting up a reinsurance branch in Mumbai. Insurance Regulatory and Development Authority(IRDA) is a insurance sector regulator in India.

14).
Vinod Rai has been appointed as the Chairman of Fund Trustee and Advisory
Commission of which state?

a)Telangana

b)Tamil Nadu

c)Karnataka

d)Kerala

e)Maharashtra

Answer: d) Explanation: Vinod Rai has been appointed as the Chairman of Fund Trustee and Advisory Commission of Kerala. He will be entrusted with the responsibility to ensure that the funds of the Kerala Infrastructure Investment Fund Board (KIIFB) are properly utilised and the interest of investors is protected. Moreover, the board of the reconstituted KIIFB under Chairman Pinarayi Vijayan also decided to appoint Usha Thorat, former Deputy Governor of RBI and Prakash Bakshi, former Chairman of NABARD, as the other members of the FTAC.

15).
Who has been appointed as Executive Director(ED) of the RBI?

a)Abbas Musliyar

b)G Mahalingam

c)M Rajeshwar Rao

d)Medini Ray

e)Ram Vinay Shahi

Answer: c) Explanation: The RBI has appointed M Rajeshwar Rao as executive director following G Mahalingam's taking voluntary retirement from the central bank. Rao will look after Department of Statistics and Information Management, Financial markets Operations and International Department. Prior to taking over as the Executive Director, he was the Chief General Manager, Financial Markets Operations Department.

16).
Which bank has has signed a MoU with the Indian Army on defense salary package?

a)Bank of Baroda

b)Corporation Bank

c)Karnataka Bank

d)PNB

e)SBI

Answer: b) Explanation: Corporation Bank has signed a MoU with the Indian Army on defence salary package. It will be providing free/concessional services to the Army under the MoU. The services include free drafts, free cheque books, free funds, free ATM cards, unlimited transactions on all ATMs. Free personal accident insurance cover of 5 lakh and 10 lakh up to the age of 70 years are the other features.

17).
The RBI on November 8 unveiled new currency notes in the denomination of
Rs.____ and Rs.____.

a)500,2000

b)50,100

c)20,10

d)10,50

e)50,1000

< Answer: a) Explanation: The RBI issued new series of notes for the Rs 500 and Rs 2,000 denomination. The Rs. 2,000 note will be called the ‘Mahatma Gandhi (New) Series’. The new design in the Rs. 500 denomination will be in a different colour, size, theme, design and location of security features. The note will be in a new colour - stone grey and the predominant theme will be Delhi’s Red Fort.

18).
How much loan amount has been sanctioned by the Asian Development Bank (ADB) to
improve to improve Assam’s power distribution system?

a)$42 million

b)$45 million

c)$48 million

d)$52 million

e)$64 million

Answer: c) Explanation: This is the second tranche loan of the USD 300 million multi-tranche financing facility for the Assam Power Sector Investment Programme that was approved by the ADB Board in July 2014. The project will help Assam to enhance capacity and efficiency of its power distribution system to improve electricity service to end user

19).
Indian government has abolished currency notes in which denomination on
November 8?

a)Rs. 10 and 50

b)Rs. 100 and 500

c)Rs. 500 and 1000

d)Rs. 50 and 100

e)Rs. 20 and 50

Answer: c) Explanation: The current notes of Rs 500 and 1000 will no longer be valid from Nov 8. PM Modi announced in a televised address to the nation. Citizens will have 50 days between November 10 and December 30 to give in notes of Rs 1000 and 500 at post offices and banks. Those unable to submit all their old currency notes within the deadline,will be able to do so at the RBI up till March 31, 2017 by providing a declaration.

20).
Who has been named for 2016 Tata Literature Live! Lifetime Achievement Award in
recognition of his outstanding contribution to the Indian literary space?

a)Amitav Ghosh

b)Banshi Kaul

c)Heisnam Kanhailal

d)Kalamandalam Gopi

e)Ram Vinay Shahi

Answer: a) Explanation: Indian-American fiction author Amitav Ghosh (60-year) has been named for 2016 Tata Literature Live! Lifetime Achievement Award in recognition of his outstanding contribution to the Indian literary space. The award will be presented to him at the upcoming Tata Literature Live! The Mumbai LitFest’s annual awards ceremony scheduled for 20th November in Mumbai(Maharashtra).

21).
Who will be conferred with the Rashtriya Kalidas Samman for year 2016-17?

a)Anupam Kher

b)Banshi Kaul

c)Heisnam Kanhailal

d)N. Rajam

e)Raj Bisaria

Answer: b) Explanation: The Rashtriya Kalidas Samman will be conferred to Banshi Kaul for 2016-17 and Raj Bisaria for 2015-16. Both the theatre artists are known for long cherished practice, excellence and continuous creative activeness in the country. Governor Omprakash Kohli will present the awards at an award ceremony to be held on November 10, 2016 in Ujjain. The Kalidas Samman is a prestigious arts award presented annually by the government of Madhya Pradesh in India. The award carries a cash prize of Rs. 200,000 and a citation.

22).
Recently, India signed two agreements, one on intellectual property (IP) and
another for bilateral cooperation on raising ease of doing business with which
country?

a)Australia

b)Germany

c)Newzlanad

d)Russia

e)United Kingdom

Answer: e) Explanation: India and the United Kingdom have signed two agreements to boost cordial relations between the two nations. The pacts were inked during the 3 days visit of Theresa May, the Prime Minister of the United Kingdom to India. The agreements are: one on intellectual property (IP) and another for bilateral cooperation on raising ease of doing business.

23).
Which Mission of NASA created Guinness world record for highest altitude fix of
a Global Positioning System (GPS) signal at 70000 kilometers above the surface
of the Earth?

a)NASA spacecraft Robotic Mission

b)Asteroid Redirect Robotic Mission

c)Orion spacecraft Mission

d)Magnetospheric Multiscale Mission

e)Orion Multiscale Mission

Answer: d) Explanation: NASA’s Magnetospheric Multiscale (MMS) Mission set the Guinness world record for highest altitude fix of a Global Positioning System (GPS) signal at 70000 kilometers above the surface of the Earth. Magnetospheric Multiscale (MMS) mission successfully completed commissioning activities on 1 September 2015 and is now in full science mode.

24).
Which country is hosting the Conference of Parties (COP22) of the UN Framework
Convention on Climate Change (UNFCCC)?

a)India

b)Japan

c)Nepal

d)Morocco

e)UK

Answer: d) Explanation: The 22nd session of the Conference of the Parties (COP 22) to the UNFCCC is scheduled to take place from 7-18 November 2016. During COP 22, parties will, inter alia, begin preparations for entry into force of the Paris Agreement. dates: 7-18 November 2016. location: Marrakesh, Marrakech, Morocco.

25).Who was recently appointed as the MD and CEO of Bank of
Baroda Capital Markets Limited?

a)Kapil Pathak

b)Jignesh Chatwal

c)Ratnesh Kumar

d)Ratnesh Pathak

e)Hossein Mousavi

Answer: c) Explanation: Bank of Baroda has appointed Ratnesh Kumar as Managing Director and Chief Executive Officer of its wholly-owned investment banking subsidiary, BOB Capital Markets Ltd. The public sector bank stated that Kumar started his career in the Indian capital markets and financial services sector in 1993.

World Bank:
President : Jim Yong Kim
Headquarters: Washington, D.C., United States
World Bank Group:
World Bank Group has five international organizations:
♦ International Bank for Reconstruction and Development (IBRD)
♦ International Development Association (IDA)
♦ International Finance Corporation (IFC)
♦ Multilateral Investment Guarantee Agency (MIGA)
♦ International Centre for Settlement of Investment Disputes (ICSID)